Chinese semiconductor thread II

[tokenanalyst]

Ranked second in the world, SMIC's revenue exceeded US$8 billion for the first time!​

On the evening of February 11, 2025, SMIC, the leading wafer foundry in mainland China, released its fourth-quarter 2024 financial report. Sales revenue hit a new high of US$2.207 billion, a month-on-month increase of 1.7%. The gross profit margin was 22.6%, an increase of 2.1 percentage points from the previous month. The full-year revenue exceeded the US$8 billion mark for the first time, further consolidating its position as the world's second largest pure-play wafer foundry.
Financial report details
In the fourth quarter, SMIC's revenue by application was divided into: smartphones 24.2%, computers and tablets 19.1%, consumer electronics 40.2%, Internet and wearables 8.3%, industrial and automotive 8.2%. Looking at the revenue contribution of each region, the revenue from China accounted for 89.1%, the US accounted for 8.9%, and the Eurasian region accounted for 2%.

By wafer size, the revenue share of 12-inch wafers in the fourth quarter increased to 80.6%, and the revenue share of 8-inch wafers was 19.4%. In terms of production capacity, SMIC's monthly production capacity increased from 884,250 pieces of 8-inch standard logic in the third quarter of 2024 to 947,625 pieces of 8-inch standard logic in the fourth quarter of 2024. The capacity utilization rate in the fourth quarter continued to be 85.5%, and a total of 1,991,761 pieces of 8-inch standard logic wafers were sold. SMIC's capital expenditure in the fourth quarter of 2024 was US$1.66 billion, and R&D expenditure was US$217 million.

Annual revenue exceeds $8 billion for the first time
SMIC management said that according to unaudited financial data, the company's sales revenue in 2024 will be US$8.03 billion, a year-on-year increase of 27%, and a gross profit margin of 18%. The company's capital expenditure in 2024 will be US$7.33 billion, and the monthly production capacity of 8-inch standard logic will be 948,000 pieces at the end of the year, with a total shipment volume of more than 8 million pieces and an average annual capacity utilization rate of 85.6%.

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[tokenanalyst]

Total investment of 2 billion! Beiyi Semiconductor Wafer Project is about to go into mass production!​

On February 8, the Heilongjiang Federation of Industry and Commerce reported that Beiyi Semiconductor's Phase 3 power semiconductor wafer production line project with a total investment of 2 billion yuan is being advanced at full speed and is about to enter the mass production stage. This is undoubtedly a shot in the arm for the development of Heilongjiang Province's semiconductor industry.
Jin Mingxing, chairman of Muling Beiyi Semiconductor Technology Co., Ltd., recently revealed the company's current sales structure. "Currently, our IGBT module sales account for 43% in the field of new energy vehicles, 20% in the field of industrial control, 19% in the field of white goods, and 18% in the field of wind power storage and rail transportation." From such sales data, it can be seen that Beiyi Semiconductor's IGBT modules have been widely used in many important fields due to their excellent performance, and the market share distribution is relatively balanced, reflecting the high adaptability and stability of the product.

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[european_guy]

Ranked second in the world, SMIC's revenue exceeded US$8 billion for the first time!​

On the evening of February 11, 2025, SMIC, the leading wafer foundry in mainland China, released its fourth-quarter 2024 financial report. Sales revenue hit a new high of US$2.207 billion, a month-on-month increase of 1.7%. The gross profit margin was 22.6%, an increase of 2.1 percentage points from the previous month. The full-year revenue exceeded the US$8 billion mark for the first time, further consolidating its position as the world's second largest pure-play wafer foundry.
Financial report details
In the fourth quarter, SMIC's revenue by application was divided into: smartphones 24.2%, computers and tablets 19.1%, consumer electronics 40.2%, Internet and wearables 8.3%, industrial and automotive 8.2%. Looking at the revenue contribution of each region, the revenue from China accounted for 89.1%, the US accounted for 8.9%, and the Eurasian region accounted for 2%.

By wafer size, the revenue share of 12-inch wafers in the fourth quarter increased to 80.6%, and the revenue share of 8-inch wafers was 19.4%. In terms of production capacity, SMIC's monthly production capacity increased from 884,250 pieces of 8-inch standard logic in the third quarter of 2024 to 947,625 pieces of 8-inch standard logic in the fourth quarter of 2024. The capacity utilization rate in the fourth quarter continued to be 85.5%, and a total of 1,991,761 pieces of 8-inch standard logic wafers were sold. SMIC's capital expenditure in the fourth quarter of 2024 was US$1.66 billion, and R&D expenditure was US$217 million.

Annual revenue exceeds $8 billion for the first time
SMIC management said that according to unaudited financial data, the company's sales revenue in 2024 will be US$8.03 billion, a year-on-year increase of 27%, and a gross profit margin of 18%. The company's capital expenditure in 2024 will be US$7.33 billion, and the monthly production capacity of 8-inch standard logic will be 948,000 pieces at the end of the year, with a total shipment volume of more than 8 million pieces and an average annual capacity utilization rate of 85.6%.

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Here is the official document in English:

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Noteworthy that in the last quarter capacity expanded of 28K wpm (12" equivalent). This is quite a big jump in a single quarter, like if some new fab/line started production.

Current capacity reached 421K wpm (12" equivalent)

 

[tphuang]

Here is the official document in English:

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Noteworthy that in the last quarter capacity expanded of 28K wpm (12" equivalent). This is quite a big jump in a single quarter, like if some new fab/line started production.

Current capacity reached 421K wpm (12" equivalent)

also capex is going to be about the same as 2024 (which was $7.33B). So this is pretty elevated actually. $7.5B is enough for a 100k wpm 12-inch fab of 28-65nm. So that means they are continuing to add advanced node equipment, since they are unlikely to add 25k wpm of mature node every quarter (Q4 was special in that aspect).

I think the concern was that they would slow down since they did a lot of stocking up of ASML and other foreign equipment in early 2024.

 

[tokenanalyst]

 

[tokenanalyst]

Domestic CPUs are used in batches in China's largest offshore oil field.​

"gas alarm controller" series products developed based on Feiteng Tenglong E2000 have been mass-applied in Suizhong 36-1 Oilfield.



The Feiteng chip has a built-in PSPA security architecture standard, which ensures security and trustworthiness within the chip and prevents hacker attacks from the bottom up.



Feiteng and CNOOC Development Safety and Environmental Protection Company jointly established a joint laboratory for information and innovation , and developed seven products in two categories based on Feiteng series CPU products.

Among them, the "Jishi" intelligent detection platform for unsafe behaviors of personnel can identify various risky behaviors and factors on site in real time.

The "Extremely Intelligent" security risk multi-source data fusion processing platform is based on Feiteng Tengrui D2000 , and has innovated professional field knowledge graphs and search engines to provide data support for prevention, control and disposal.​

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[tokenanalyst]

China Electronics Technology Group Corporation 48th Institute: First large-scale shipment of SiC epitaxial equipment.​

SiC (silicon carbide) epitaxial equipment is one of the core key equipment for the manufacture of third-generation semiconductor devices. Compared with traditional silicon-based semiconductors, SiC materials have advantages such as high temperature resistance, high voltage resistance and high conductivity, and are widely used in new energy vehicles, 5G communications, aerospace and other fields. However, due to the high technical threshold and complex equipment, the development and industrialization of SiC epitaxial equipment has always been a difficult problem in the global semiconductor field.

China Electronics Technology Group Corporation 48th Institute has spent many years and mastered a number of key technologies to successfully achieve independent research and development and mass production of SiC epitaxial equipment. The 30 sets of equipment shipped this time not only achieved the first large-scale batch delivery in China, but also has shipped more than 100 sets in total and is running stably at the customer's site. This achievement indicates that China has strong international competitiveness in the field of third-generation semiconductor equipment.

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[tamsen_ikard]

Ranked second in the world, SMIC's revenue exceeded US$8 billion for the first time!​

On the evening of February 11, 2025, SMIC, the leading wafer foundry in mainland China, released its fourth-quarter 2024 financial report. Sales revenue hit a new high of US$2.207 billion, a month-on-month increase of 1.7%. The gross profit margin was 22.6%, an increase of 2.1 percentage points from the previous month. The full-year revenue exceeded the US$8 billion mark for the first time, further consolidating its position as the world's second largest pure-play wafer foundry.
Financial report details
In the fourth quarter, SMIC's revenue by application was divided into: smartphones 24.2%, computers and tablets 19.1%, consumer electronics 40.2%, Internet and wearables 8.3%, industrial and automotive 8.2%. Looking at the revenue contribution of each region, the revenue from China accounted for 89.1%, the US accounted for 8.9%, and the Eurasian region accounted for 2%.

By wafer size, the revenue share of 12-inch wafers in the fourth quarter increased to 80.6%, and the revenue share of 8-inch wafers was 19.4%. In terms of production capacity, SMIC's monthly production capacity increased from 884,250 pieces of 8-inch standard logic in the third quarter of 2024 to 947,625 pieces of 8-inch standard logic in the fourth quarter of 2024. The capacity utilization rate in the fourth quarter continued to be 85.5%, and a total of 1,991,761 pieces of 8-inch standard logic wafers were sold. SMIC's capital expenditure in the fourth quarter of 2024 was US$1.66 billion, and R&D expenditure was US$217 million.

Annual revenue exceeds $8 billion for the first time
SMIC management said that according to unaudited financial data, the company's sales revenue in 2024 will be US$8.03 billion, a year-on-year increase of 27%, and a gross profit margin of 18%. The company's capital expenditure in 2024 will be US$7.33 billion, and the monthly production capacity of 8-inch standard logic will be 948,000 pieces at the end of the year, with a total shipment volume of more than 8 million pieces and an average annual capacity utilization rate of 85.6%.

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8 billion vs 73 billion for tsmc. Seems so disappointing. I thought SMIC was a big deal but its revenue is so little compared to tsmc. And it's Capex is laughable.

If US tech firms can spend 100 billion per year each on just data center construction then China should be spending 500 billion on semiconductors and out of those 500, 100 billion should be spent by smic considering they are the leading fab Corp.

China should really step up the game if they truly want to catch up. Invest big in smic and help them grow faster.

 

[tphuang]

8 billion vs 73 billion for tsmc. Seems so disappointing. I thought SMIC was a big deal but its revenue is so little compared to tsmc. And it's Capex is laughable.

If US tech firms can spend 100 billion per year each on just data center construction then China should be spending 500 billion on semiconductors and out of those 500, 100 billion should be spent by smic considering they are the leading fab Corp.

China should really step up the game if they truly want to catch up. Invest big in smic and help them grow faster.

This is really poor understanding of how things work.

If you keep up with this kind of alarmist language and freak outs, I'm going to have to ban you from this thread.

 

[tamsen_ikard]

This is really poor understanding of how things work.

If you keep up with this kind of alarmist language and freak outs, I'm going to have to ban you from this thread.

It's not alarmism, I know China is making progress. But compared to the kind of money US tech firms are throwing at AI vs what China's big fund is spending is a bit disappointing. Especially when you look at the media articles which constantly talk about how China is spending huge on semiconductors. But the actual numbers are really low compared to even one US big tech company. China's total GDP is now 20 trillion dollars. Considering the national importance of Chip self reliance, The national Chip spending should be several 100 billion compared to current big fund budget of just 48 billion.